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Robeco Biodiversity Equities I USD
Investing in companies that benefit from the transition to a nature-positive world
Share classes
Share classes
Every share class of a product invests in the same portfolio of securities and has the same investment objectives and policies. However, their parameters might deviate. For instance and amongst others, their distribution type, currency exposure or fees and expenses might differ. The most common share classes at Robeco are:
a) D/DH shares, which are regular shares and available for all Investors;
b) I/IH shares, for institutional investors as defined from time to time by the Luxembourg supervisory authority.
For more information on share classes please go to the prospectus.
I-USD
D-EUR
D-USD
F-EUR
F-USD
I-EUR
Z-GBP
Class and codes
Asset class:
Equities
ISIN:
LU2539441704
Bloomberg:
RBCEQIU LX
Index
MSCI World Index TRN
Sustainability-related information
Sustainability-related information
Under the EU Sustainable Finance Disclosure Regulation, products can be labelled as either Article 6, 8 or 9 fund.
Article 6 - The fund is not in scope of enhanced sustainability disclosures compared to Article 8 and 9.
Article 8 - The fund does not have a sustainable investment objective but promotes environmental or social characteristics and is subject to enhanced sustainability disclosures.
Article 9 - The fund has a sustainable investment objective and is subject to enhanced sustainability disclosures.
Regardless of Article 8 or 9, the companies in which investments are made must follow good governance practices, and sustainable investments must not do any significant harm.
Article 9
- Overview
- Performance & costs
- Portfolio
- Sustainability
- Commentary
- Documents
MISSING: fund.detail.tabs.
Key points
- Thematic investment opportunities in solutions and companies that sustainably use or help to restore nature’s resources
- Regulation to better protect nature and changing consumer behavior to benefit biodiversity-aligned companies
- Driving change through active engagement on biodiversity topics
About this fund
Robeco Biodiversity Equities is an actively managed fund that invests in stocks of companies in countries globally which support the sustainable use of natural resources and ecosystem services to help reduce Biodiversity loss. The selection of these stocks is based on fundamental analysis. The fund has sustainable investment as its objective, within the meaning of Article 9 of the Regulation (EU) 2019/2088 of 27 November 2019 on Sustainability-related disclosures in the financial sector. The strategy integrates sustainability criteria as part of the stock selection process and through a theme-specific sustainability assessment. The portfolio is built on the basis of an eligible investment universe that includes companies whose business models contribute to the thematic investment objectives. The assessment regarding relevant SDGs uses an internally developed framework, more information on which can be obtained at www.robeco.com/si. The fund also aims to achieve a better return than the index.
Key facts
Total size of fund
$ 5,458,196
Size of share class
$ 30,343
Inception date share class
31-10-2022
1-year performance
15.46%
Dividend paying
No
Fund manager
![David Thomas](https://images.ctfassets.net/tl4x668xzide/4DSef35et9zvSfZByglhuO/bb606295ff34ca434db51a889f6cfce4/david-thomas-500px.jpg?fit=fill&w=162&h=162&f=center&fm=webp)
David Thomas
David Thomas is Portfolio Manager of the Robeco Biodiversity Equities strategy and member of the Thematic Investing team. Prior to joining Robeco in 2022, he was a portfolio manager at Ellerston Capital, managing multiple strategies, including a fund for one of the world’s largest sovereign wealth asset owners. David brings 29 years of experience in financial markets having worked for global corporations, including Price Waterhouse Coopers, Macquarie Bank, Morgan Stanley and CLSA. His expertise in equity markets with special focus on the consumer and IT sectors has been honed over multiple roles, both in Sydney and London. David holds a Bachelor of Business from Swinburne University and successfully completed the leadership program at Harvard Business School.
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Performance
Per period
Per annum
- Per period
- Per annum
1 month
4.09%
4.47%
3 months
5.35%
3.82%
YTD
5.41%
9.52%
1 year
15.46%
24.92%
Since inception 11/2022
13.30%
23.03%
2023
6.51%
23.79%
Costs
Ongoing charges
Indication of annual charges that are deducted for this fund. This indication is based on the costs over the last calendar year and may vary from year to year. Transaction costs incurred by the fund, any performance fees and other one-off costs are not included in the ongoing charges.
0.98%
Included management fee
A fee paid by the fund to the asset management company for the professional management of the fund.
0.85%
Included service fee
This fee is intended to cover official fees, such as the cost of annual reports, annual shareholders' meetings and price publications.
0.12%
Transaction costs
The transaction costs shown are the average annual transaction costs over the last three years calculated in accordance with European regulations.
0.11%
Fiscal product treatment
The fund is established in Luxembourg and is subject to the Luxembourg tax laws and regulations. The fund is not liable to pay any corporation, income, dividend or capital gains tax in Luxembourg. The fund is subject to an annual subscription tax ('tax d'abonnement') in Luxembourg, which amounts to 0.01% of the net asset value of the fund. This tax is included in the net asset value of the fund. The fund can in principle use the Luxembourg treaty network to partially recover any withholding tax on its income.
Fiscal treatment of investor
Investors who are not subject to (exempt from) Dutch corporate-income tax (e.g. pension funds) are not taxed on the achieved result. Investors who are subject to Dutch corporate-income tax can be taxed for the result achieved on their investment in the fund. Dutch bodies that are subject to corporate-income tax are obligated to declare interest and dividend income, as well as capital gains in their tax return. Investors residing outside the Netherlands are subject to their respective national tax regime applying to foreign investment funds. We advise individual investors to consult their financial or tax adviser about the tax consequences of an investment in this fund in their specific circumstances before deciding to invest in the fund.
Fund allocation
Asset
Currency
Sector
Top 10
- Asset
- Currency
- Sector
- Top 10
Policies
Currency risk will not be hedged. Exchange-rate fluctuations will therefore directly affect the fund's share price.
This share class of the fund does not distribute dividend.
Robeco Biodiversity Equities is an actively managed fund that invests in stocks of companies in countries globally which support the sustainable use of natural resources and ecosystem services to help reduce Biodiversity loss. The selection of these stocks is based on fundamental analysis. The fund has sustainable investment as its objective, within the meaning of Article 9 of the Regulation (EU) 2019/2088 of 27 November 2019 on Sustainability-related disclosures in the financial sector. The strategy integrates sustainability criteria as part of the stock selection process and through a theme-specific sustainability assessment. The portfolio is built on the basis of an eligible investment universe that includes companies whose business models contribute to the thematic investment objectives. The assessment regarding relevant SDGs uses an internally developed framework, more information on which can be obtained at www.robeco.com/si. The fund also aims to achieve a better return than the index. The fund has sustainable investment as its objective within the meaning of Article 9 of the European Sustainable Finance Disclosure Regulation. The fund aims to support the sustainable use of natural resources and ecosystem services, as well as technologies, products and services that help to reduce Biodiversity threats or restore natural habitats. This is done by investing in companies that advance the following UN Sustainable Development Goals (UN SDGs): Good health and well-being (SDG 3), Industry, innovation and
Sustainability-related disclosures
![febelfin.png](https://images.ctfassets.net/tl4x668xzide/7pddMIQ0YNBNlDgqkLe1UD/18ec2d12fa900dd203c407c6a011319e/febelfin.png?fit=fill&w=80&h=80&f=center&fm=webp)
Febelfin
Febelfin
The fact that the sub-fund has obtained this label does not mean that it meets your personal sustainability goals or that the label is in line with requirements arising from any future national or European rules. The label obtained is valid for one year and subject to annual reappraisal. More information on this label.
Sustainability profile
ESG Important Information
The sustainability information below can help investors integrate sustainability considerations in their process. This information is for informational purposes only. The reported sustainability information may not at all be used in relation to binding elements for this fund. A decision to invest should take into account all characteristics or objectives of the fund as described in the prospectus.
Sustainability
The fund's sustainable investment objective is to support the sustainable use of natural resources and ecosystem services that help to reduce Biodiversity threats or restore natural habitats. This is achieved by incorporating sustainability considerations in the investment process by the means of a target universe definition, exclusions, ESG integration, and voting. The fund only invests in companies that have a significant thematic fit as per Robeco's thematic universe methodology. Through screening on both Robeco's internally developed SDG Framework and Robeco’s exclusion policy, the fund does not invest in issuers that have a negative impact on the SDGs, are in breach of international norms or where products have been deemed controversial. Financially material ESG factors are integrated in the bottom-up fundamental investment analysis to assess existing and potential ESG risks and opportunities. In addition, where a stock issuer is flagged for breaching international standards in the ongoing monitoring, the issuer will become subject to exclusion. Lastly, the fund makes use of shareholder rights and applies proxy voting in accordance with Robeco's proxy voting policyThe following sections display the ESG-metrics for this fund along with short descriptions. For more information please visit the sustainability-related disclosures.The index used for all sustainability visuals is based on MSCI World Index TRN.
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Market development
Following a challenging month of April, global markets sprung to life in May surging by 4% and continuing the robust rally in 2024. Both the Nasdaq and S&P 500 hit record highs during the month. So much for the adage 'sell in May and go away'. The MSCI World Index climbed 4% and was slightly outperformed by the S&P 500, up 5%. European markets found the going tougher, with Euro Stoxx 50 gaining a modest 1% and the UK market up by 2%. Across Asia, the response was more subdued with Japan's Nikkei Index flat, but maintaining a 15% gain for the year, while China's market dipped by 1%.
Performance explanation
Based on transaction prices, the fund's return was 4.09%. The fund's performance for the month was in line with the general market and above the investable universe. Our best-performing names for May included Derichebourg, Valmont Industries, Sprouts Farmers Market, Renewi, and Veolia, all up in double digits for the month. Derichebourg jumped 31% on the back of very strong results presented by its subsidiary Elior Group. Valmont bounced an impressive 23% as operating margins surprised the market. Finally, Veolia, our largest position in the fund, reported strong Q1'24 numbers, which helped hold the stock's value above EUR 30 for the first time since 2022. On the flip side, a couple of our Japanese names struggled on the back of cautious outlook statements for FY25. Takuma and Hitachi Zosen fell 13% and 9%, respectively.
Expectation of fund manager
![David Thomas](https://images.ctfassets.net/tl4x668xzide/4DSef35et9zvSfZByglhuO/bb606295ff34ca434db51a889f6cfce4/david-thomas-500px.jpg?fit=fill&w=162&h=162&f=center&fm=webp)
David Thomas
As suggested, last month we felt that the April pause in equity markets was a healthy correction and this proved to be correct. The US economy continues to power on, China is showing some positive signs and global politics, while volatile, are not spilling over into markets. The focus on rates will continue, but as long as earnings hold up, we won't see markets derail. Our barbell approach, with exposure to cyclical sectors counter-balanced with defensive sectors, feels like a comfortable place to be and will hopefully allow our stock-picking skills to shine.